chris1200
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Post by chris1200 on Sept 17, 2020 8:19:41 GMT
Looks like the A/P/M queue has now frozen. this is said every week and then every few days someone mentions how it is moving quickly again... Quite - even when we've had rapid movement, it hasn't been linear by any means.
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johnt
Investing in Ratesetter, Zopa and Assetz Capital since 2013
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Post by johnt on Sept 17, 2020 8:40:16 GMT
Here's the movement in case anyone's interested for the Access RYI Queue: and weekly average movement:
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chris1200
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Post by chris1200 on Sept 17, 2020 9:13:21 GMT
Here's the movement in case anyone's interested for the Access RYI Queue: and weekly average movement: The most helpful graphs I've seen yet by far! Top one shows the lack of linear progression really nicely. I wouldn't be surprised if the 'pooling' system that seems to exist at the front of the queue means there is often a load of people being processed together (so little visible movement), and then a big drop-out of them all from the queue (sudden big movement).
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beagle
Investor in ratesetter, funding circle, lendy (lesson learnt) and AC
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Post by beagle on Sept 17, 2020 10:44:39 GMT
this is said every week and then every few days someone mentions how it is moving quickly again... Well mine aint moved for 4 days. hardly frozen... last week the forum rejoiced and sang hymns about the movement - it moves in blocks - not daily
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chris1200
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Post by chris1200 on Sept 17, 2020 11:25:37 GMT
hardly frozen... last week the forum rejoiced and sang hymns about the movement - it moves in blocks - not daily Are you Ratesetter's representative? Factr is that since they started publishing the queue the expected time for a RYI to be filled has simply got longer and longer. I mean that patently isn't true. Just look at the graphs above. Things have definitely picked up in the last couple of weeks. (Whether that's fast enough to make you happy is a different question.)
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chris1200
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Post by chris1200 on Sept 17, 2020 11:52:51 GMT
I mean that patently isn't true. Just look at the graphs above. Things have definitely picked up in the last couple of weeks. (Whether that's fast enough to make you happy is a different question.) I rely on the evidence of my own graphs drawn from the information supplied by RS. With the exception of a couple of spikes the expected time for a RYI is currently getting longer.Yes, it currently is because there hasn't been movement since Monday. But that's not what you said above - you said it keeps getting longer, which is clearly nonsense. Regardless, as has been stated on here many times, it's better to judge this stuff over longer periods. It's only been a few days since we had really significant movement; we might see more of this before the end of this week. Edit: Speaking of which looking at the markets page, I think we're getting some decent RYI processing on A/P/M today. But let's see.
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beagle
Investor in ratesetter, funding circle, lendy (lesson learnt) and AC
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Post by beagle on Sept 17, 2020 13:00:05 GMT
hardly frozen... last week the forum rejoiced and sang hymns about the movement - it moves in blocks - not daily Are you Ratesetter's representative? Factr is that since they started publishing the queue the expected time for a RYI to be filled has simply got longer and longer. not true at all. moreover if too many people join the queue math suggests it takes a while....
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chris1200
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Post by chris1200 on Sept 17, 2020 13:14:10 GMT
It's only been a few days since we had really significant movement; we might see more of this before the end of this week. Edit: Speaking of which looking at the markets page, I think we're getting some decent RYI processing on A/P/M today. But let's see. Looks like I wasn't far wrong, judging by the RYI tracking thread
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Post by RateSetter on Sept 17, 2020 16:08:32 GMT
Good afternoon. Today we have delivered £0.7m and the full update is below:
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chris1200
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Post by chris1200 on Sept 18, 2020 6:46:26 GMT
And there it is, A/P/M movement of over 50 places overnight. That’s over 100 places since last Friday... i.e. continuation of last week’s most rapid movement since we got the queue numbers (actually a new record week, I think?). Not frozen, not getting slower and slower, @jennifer
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Post by ruralres66 on Sept 18, 2020 8:38:01 GMT
and 1 year also now moving...... from q 334-186 since Monday, so quite hopeful that RYI will deliver before any proverbial s**t hits the fan.
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Post by diversifier on Sept 18, 2020 10:31:09 GMT
And there it is, A/P/M movement of over 50 places overnight. That’s over 100 places since last Friday... i.e. continuation of last week’s most rapid movement since we got the queue numbers (actually a new record week, I think?). Not frozen, not getting slower and slower, @jennifer The rate of APM RYI *requests* was 700 per day on 13th March. Yesterday’s APM current peak servicing rate is just 7% of what would be required to just halt the increase in queue-length, let alone start to eat into it. Even more importantly, the mid-March peak was not an outrageous outlier. Consistent RYI rates long before and long after are round 200-250 per day. The current servicing rate is less than half what would be required to prevent a queue forming, even last year before Covid. The only answer is new investors, and that is now never going to happen.
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chris1200
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Post by chris1200 on Sept 18, 2020 10:39:51 GMT
And there it is, A/P/M movement of over 50 places overnight. That’s over 100 places since last Friday... i.e. continuation of last week’s most rapid movement since we got the queue numbers (actually a new record week, I think?). Not frozen, not getting slower and slower, @jennifer The rate of APM RYI *requests* was 700 per day on 13th March. Yesterday’s APM current peak servicing rate is just 7% of what would be required to just halt the increase in queue-length, let alone start to eat into it. Even more importantly, the mid-March peak was not an outrageous outlier. Consistent RYI rates long before and long after are round 200-250 per day. The current servicing rate is less than half what would be required to prevent a queue forming, even last year before Covid. The only answer is new investors, and that is now never going to happen. [Response deleted as I'm now out of here, so will leave it to others to debate and discuss. Good luck, all!]
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beagle
Investor in ratesetter, funding circle, lendy (lesson learnt) and AC
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Post by beagle on Sept 18, 2020 10:46:37 GMT
And there it is, A/P/M movement of over 50 places overnight. That’s over 100 places since last Friday... i.e. continuation of last week’s most rapid movement since we got the queue numbers (actually a new record week, I think?). Not frozen, not getting slower and slower, @jennifer The rate of APM RYI *requests* was 700 per day on 13th March. Yesterday’s APM current peak servicing rate is just 7% of what would be required to just halt the increase in queue-length, let alone start to eat into it. Even more importantly, the mid-March peak was not an outrageous outlier. Consistent RYI rates long before and long after are round 200-250 per day. The current servicing rate is less than half what would be required to prevent a queue forming, even last year before Covid. The only answer is new investors, and that is now never going to happen. 700? Where is this number from? 200 - 250 per day ? The value is what matters not the numbers, you could have 700 requests of £1.00 and 1 request of £1,000 the answer is loans repaying when financial obligations stop. new investors is not an answer just passing the problem
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Post by diversifier on Sept 18, 2020 15:28:21 GMT
The rate of APM RYI *requests* was 700 per day on 13th March. Yesterday’s APM current peak servicing rate is just 7% of what would be required to just halt the increase in queue-length, let alone start to eat into it. Even more importantly, the mid-March peak was not an outrageous outlier. Consistent RYI rates long before and long after are round 200-250 per day. The current servicing rate is less than half what would be required to prevent a queue forming, even last year before Covid. The only answer is new investors, and that is now never going to happen. 700? Where is this number from? 200 - 250 per day ? The value is what matters not the numbers, you could have 700 requests of £1.00 and 1 request of £1,000 the answer is loans repaying when financial obligations stop. new investors is not an answer just passing the problem Numbers are from RYI tracking thread. The only thing not there is what the RYI rate was in the before-time. That’s easy to estimate from the start value of the RYI number. I am fully aware that the value is what matters, rather than just the numbers. I’ve been tracking the ratio of numbering released versus value released over the past six months. This hasn’t changed signficantly in all that time, and it also agrees within a small factor from the simple ratio calculated from RS performance data. It’s a theoretical possibility that the ratio will spike in the next few months, but frankly that hope is fairly disproved by known data. I agree that the only way most people will get their money back is from loans repaying, which is what I said from mid-April. The only thing worth tracking now is if you RYId in March, or 5yr RYI to see if it beats the October deadline, otherwise the duration of your personal loan book. I didn’t for one moment say that new investors was the answer. I was saying that there is a fundamental mismatch in the way the APM product was designed and marketed. That got hidden while there were new investors, but that game is over.
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